Iran: Cheese Market 2024

Cheese Market Size in Iran

In 2021, the Iranian cheese market decreased by -17.2% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Cheese Production in Iran

In value terms, cheese production contracted significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Cheese production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cheese Exports

Exports from Iran

In 2021, cheese exports from Iran skyrocketed to X tons, rising by 123% on the previous year. Overall, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese exports soared to $X in 2021. Over the period under review, exports recorded a modest increase. The growth pace was the most rapid in 2015 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for cheese exports from Iran, with a 56% share of total exports. Moreover, cheese exports to Azerbaijan exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+76.5% per year) and the United Arab Emirates (+76.3% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for cheese exports from Iran, comprising 57% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total exports. It was followed by Armenia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan stood at +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+75.8% per year) and Armenia (+26.0% per year).

Export Prices by Country

In 2021, the average cheese export price amounted to $X per ton, which is down by -34.4% against the previous year. Over the period under review, the export price saw a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 9%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into Iran

After three years of decline, overseas purchases of cheese increased by 0.6% to X tons in 2021. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 145%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cheese imports rose modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by 150%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Denmark (X tons) were the main suppliers of cheese imports to Iran, together accounting for 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +14.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Denmark ($X) appeared to be the largest cheese suppliers to Iran, with a combined 99% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cheese import price amounted to $X per ton, with an increase of 3.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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